Presidio Property Trust (NASDAQ:SQFT) Issues Quarterly Earnings Results

Presidio Property Trust (NASDAQ:SQFT) released its quarterly earnings data on Thursday. The company reported ($3.33) EPS for the quarter, FiscalAI reports. The company had revenue of $3.82 million for the quarter. Presidio Property Trust had a negative return on equity of 37.24% and a negative net margin of 61.36%.

Presidio Property Trust Price Performance

SQFT stock traded down $0.01 during mid-day trading on Friday, hitting $1.46. The stock had a trading volume of 6,541 shares, compared to its average volume of 347,413. The firm has a fifty day simple moving average of $2.35 and a 200 day simple moving average of $2.70. The firm has a market capitalization of $2.10 million, a P/E ratio of -0.14 and a beta of 1.81. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 3.25. Presidio Property Trust has a 52 week low of $1.32 and a 52 week high of $10.47.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Presidio Property Trust stock. Ketron Financial bought a new stake in Presidio Property Trust, Inc. (NASDAQ:SQFT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,725 shares of the company’s stock, valued at approximately $36,000. Ketron Financial owned approximately 0.74% of Presidio Property Trust at the end of the most recent reporting period. 38.92% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Presidio Property Trust from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, August 6th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

About Presidio Property Trust

Presidio Property Trust, Inc is a real estate investment trust (REIT) that specializes in acquiring, owning and managing single-tenant commercial properties across the United States. The company employs a net-lease strategy, entering into long-term leases with corporate tenants to generate stable rental income and minimize landlord responsibilities related to property operations.

The trust’s portfolio includes a diverse mix of industrial, office and research and development facilities.